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WCRM-GEIS1CEm Resource From: Sent: To: Subject: Sierra Club information sierra club.org on behalf of Jorge De Cecco badass yahoo.com Sunday, September 22, 2013 9:27 PM RulemakingComments Resource
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What is 1263 form?
1263 form is a tax form used by individuals or entities to report foreign bank and financial accounts to the Internal Revenue Service (IRS).
Who is required to file 1263 form?
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file 1263 form.
How to fill out 1263 form?
1263 form can be filled out electronically on the FinCEN website by providing information about the foreign financial accounts held during the calendar year.
What is the purpose of 1263 form?
The purpose of 1263 form is to prevent tax evasion and money laundering by individuals or entities hiding assets in foreign financial accounts.
What information must be reported on 1263 form?
Information such as the name of the financial institution, account number, type of account, and the maximum value of the account during the year must be reported on 1263 form.
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